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FOR IMMEDIATE RELEASE
Contact:
Erika Christ
703-619-0306
erikachristpr@aol.com
EXPERT CHOICE ACHIEVES CHALLENGER STATUS FOR THE
PORTFOLIO MANAGEMENT TOOLS MARKET
ARLINGTON, Va., May 28, 2004 — Expert Choice®, a leading provider of enterprise portfolio analysis software and services, today announced that it has been ranked as a market “challenger” in META Group’s recently released METAspectrumSM for the Portfolio Management Tools market. META Group (Nasdaq: METG) is a leading research and consulting firm that focuses on information technology and business transformation strategies.
The new METAspectrum evaluation provides an objective assessment of companies providing portfolio management tools, which META defines as those used to uncover critical, long-term opportunities, track and assess current business/investment positions, or serve as a controlled, consistent backup for decision modeling and making.
Expert Choice was positioned in the “challenger” segment of the METAspectrum evaluation and was specifically recognized for having the most technologically advanced and mature portfolio analysis product, as well as the most extensive distribution mechanism and overall excellent performance.
“As a first-time participant in this evaluation by the META Group, we are truly pleased by our high placement,” said Rich Dougherty, chief executive officer of Expert Choice. “Our strong standing in the report was based on two key criteria: the technological sophistication of our product; and the fact that we have the largest number of licenses distributed. It’s an honor to be recognized for these achievements by such a renowned research and consulting firm as the META Group,” he added.
Expert Choice is known for providing the most effective and convincing solutions for aligning resources and actions with business objectives. Expert Choice solutions are based on the Analytic Hierarchy Process (AHP), a sophisticated mathematical model and proven methodology that delivers more accurate results than other portfolio analysis products. The company has more than 20 years of success in high-level, complex decision making, including IT portfolio analysis, strategic planning, vendor selection, HR management and risk assessment.
“We anticipate the portfolio management tools market will reach $480 million in size by 2005,” said Doug Lynn, vice president of Executive Directions, META Group. “These tools enable executives to rationalize, manage and improve their ability to make increasingly complex business, operational and organizational decisions - driven by risk tolerance, investment performance goals, revenue generation and cost savings.”
About METAspectrum
METAspectrumSM evaluations from META Group (Nasdaq: METG) provide IT professionals with a view into critical market success factors and vendor positioning. METAspectrum delivers comprehensive evaluations of both technology markets and vendor product offerings. There are multiple market evaluations planned for release in 2003 and beyond. METAspectrum evaluations are updated quarterly, biannually, or annually, depending on the characteristics of individual markets. To view completed market evaluations, or learn more about the METAspectrum methodology, visit www.metagroup.com/metaspectrum
METAspectrum market evaluations and results are the sole property of META Group, Inc. and are Copyright © 2002 META Group, Inc. All rights reserved. Permission to use the results requires prior written approval from META Group, and should not be deemed an endorsement of any company or product.
About Expert Choice
Headquartered in Arlington, Va., Expert Choice, Inc. is a leading provider of enterprise portfolio analysis software and services. Founded in 1983, the company helps business and government organizations around the world with their portfolio analysis, project prioritization and resource allocation challenges. Today, more than 15,000 individuals in 60 countries, including 25 percent of the Fortune 500 and half of U.S. federal government agencies, rely on Expert Choice to help them achieve improved business performance and greater ROI. For more information on Expert Choice, please visit expertchoice.com